{"product_id":"unfi-pestle-analysis","title":"United Natural Foods PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkip the Research. Get the Strategy.\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover how macro forces—from regulatory shifts and supply-chain volatility to changing consumer demand for organic and sustainable goods—are reshaping United Natural Foods' strategy and risk profile; buy the full PESTLE now for a complete, actionable roadmap to inform investments and strategic planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTrade Policy and Tariff Volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe shifting landscape of international trade agreements affects UNFI's procurement costs for imported specialty goods, with tariffs on food products between the US, Canada, and Mexico rising unpredictably; UNFI reported 2024 import costs increased ~6% YoY, squeezing gross margins. Fluctuating tariffs or barriers between North American partners can disrupt organic supply chains—24% of UNFI’s private brand inputs were imported in 2024. Management must navigate geopolitical tensions to maintain stable pricing across its ~30,000 retail customers and protect FY2025 margin targets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUSDA Organic Certification Standards\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFederal oversight of organic labeling via the National Organic Program directly affects UNFI’s product mix and margins; changes to standards can raise compliance costs—UNFI reported spending $42M on quality and compliance in FY2024. Late-2025 policy shifts and heightened USDA audits have increased verification demands, pushing UNFI to expand traceability systems and third-party testing to protect $6.5B in organic sales (2024 run-rate) and consumer trust.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor Policy and Unionization Trends\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGovernmental stances on collective bargaining and labor rights can raise UNFI's distribution center costs; a 2024 Congressional push to lift the federal minimum wage toward $15 could add an estimated $60–120 million in annual wage expenses based on UNFI’s ~30,000 workforce and industry wage differentials. Simplified union organizing and shifts in NLRB composition increase compliance and legal expenses, while potential changes to benefits rules could affect margins and require HR strategy adjustments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFood Safety Modernization Act Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe Food Safety Modernization Act (FSMA) forces wholesalers like UNFI to enhance traceability and rapid recall systems; FDA inspection numbers rose 12% in 2024, increasing enforcement risk for noncompliance. UNFI reported $27.5B net sales in FY2024, making federal penalties and reputational damage material threats to revenue and margins. Upgrades in IT and QA raise operating costs but reduce recall losses and liability exposure.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFDA inspections +12% (2024)\u003c\/li\u003e\n\u003cli\u003eUNFI net sales $27.5B (FY2024)\u003c\/li\u003e\n\u003cli\u003eInvestment in traceability and QA increases Opex\u003c\/li\u003e\n\u003cli\u003eCompliance lowers recall and liability risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAgricultural Subsidies and Farm Bill Policy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe 2023 Farm Bill reauthorization discussions affect availability and pricing of organic inputs; USDA reports organic acreage grew 16% from 2016–2021, supporting supply but cost pressures remain with organic premiums averaging 20–30% above conventional in 2024.\u003c\/p\u003e\n\u003cp\u003eTargeted subsidies for sustainable practices—USDA invested $1.1 billion in conservation programs in FY2024—can lower supplier input costs for UNFI; a policy shift away from organic support could constrict specialty item supply across North America, raising procurement costs.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eOrganic acreage +16% (2016–2021)\u003c\/li\u003e\n\u003cli\u003eOrganic price premium ~20–30% (2024)\u003c\/li\u003e\n\u003cli\u003eUSDA conservation funding $1.1B (FY2024)\u003c\/li\u003e\n\u003cli\u003eFarm Bill outcomes materially impact UNFI sourcing costs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTariffs, organic premiums and compliance squeeze UNFI margins—wage risk adds $60–120M\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRising tariffs and import costs (+6% YoY 2024) and organic premiums (~20–30% 2024) squeeze UNFI gross margins across $27.5B sales; compliance costs ($42M quality spend, $27.5B net sales FY2024) and FSMA\/FDA enforcement (+12% inspections 2024) raise Opex; potential wage hikes (~$60–120M if federal min wage to $15) and Farm Bill shifts affect supply and pricing.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 \/ FY\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet sales\u003c\/td\u003e\n\u003ctd\u003e$27.5B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImport cost change\u003c\/td\u003e\n\u003ctd\u003e+6% YoY\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOrganic price premium\u003c\/td\u003e\n\u003ctd\u003e20–30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eQuality\/compliance spend\u003c\/td\u003e\n\u003ctd\u003e$42M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFDA inspections\u003c\/td\u003e\n\u003ctd\u003e+12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePotential wage impact\u003c\/td\u003e\n\u003ctd\u003e$60–120M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how external macro-environmental factors uniquely affect United Natural Foods across six dimensions—Political, Economic, Social, Technological, Environmental, and Legal—backed by current data and trends to identify risks and opportunities for executives, investors, and strategists.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses United Natural Foods' PESTLE insights into a clear, shareable summary for quick reference in meetings, presentations, or client reports, enabling fast alignment on external risks and market positioning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflationary Pressures on Consumer Spending\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePersisting inflation through 2025—US CPI at about 3.4% year-over-year in 2024 and core food inflation near 4%—has pushed consumers to cut back on premium and organic purchases, prompting trade-downs to conventional or private-label items; UNFI, serving health-focused retailers, faces volume pressure as shoppers shift. UNFI must calibrate wholesale pricing to stay competitive while offsetting rising input and logistics costs that tightened gross margins to 5.8% in FY2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest Rate Environment and Debt Servicing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs of late 2025, U.S. benchmark rates near 5.25–5.50% raise UNFI's weighted average cost of capital, increasing annual interest expense on its reported $1.1 billion total debt and pressuring free cash flow for capex and distribution-center investments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and Fuel Price Fluctuations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAs a major distributor, UNFI is highly sensitive to diesel and energy price volatility; US diesel averaged 4.01 USD\/gal in 2024 vs 3.72 USD\/gal in 2023, raising transport costs across its 1,100+ distribution centers. Significant spikes can erode margins if not passed to customers or offset by efficiency—UNFI reported 2024 gross margin pressure with freight expense rising ~6% year-over-year. Global oil shocks and domestic supply constraints keep long-haul route viability under constant pressure, increasing per-mile costs and route rationalization needs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCompetitive Retail Consolidation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe grocery sector saw top-4 US supermarket chains hold about 43% market share in 2024, increasing retailer bargaining power and pressuring UNFI margins after Kroger-Albertsons scale moves; UNFI reported gross margin of 11.2% in FY2024, down from 12.0% in FY2022 amid renegotiated contracts.\u003c\/p\u003e\n\u003cp\u003eTo offset concentration risks, UNFI must push exclusive private-label SKUs and logistics\/service differentiation to protect revenue and EBITDA.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTop-4 retailer share ~43% (2024)\u003c\/li\u003e\n\u003cli\u003eUNFI gross margin 11.2% (FY2024)\u003c\/li\u003e\n\u003cli\u003eMargin pressure from major mergers (e.g., Kroger-Albertsons)\u003c\/li\u003e\n\u003cli\u003eStrategy: exclusive products + superior service\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor Market Tightness and Wage Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe tight U.S. labor market pushed median warehouse wages up ~9.5% year-over-year in 2024, raising UNFI’s labor-driven COGS and compressing gross margins amid high turnover in logistics roles.\u003c\/p\u003e\n\u003cp\u003eUNFI must spend more on recruitment and retention—estimates suggest labor-related operating costs rose by roughly $120–180 million in FY2024—prompting investments in benefits and training to secure continuity.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eWarehouse wages +9.5% YoY (2024)\u003c\/li\u003e\n\u003cli\u003eEstimated $120–180M additional labor costs FY2024\u003c\/li\u003e\n\u003cli\u003eHigher COGS, tighter gross margins\u003c\/li\u003e\n\u003cli\u003eRetention programs and benefits key to operations\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUNFI margins squeezed by inflation, rising wages and freight amid tight retail concentration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eInflation and food-price pressure trimmed premium demand; UNFI gross margin 11.2% (FY2024) with freight expense +6% YoY; US CPI ~3.4% (2024); diesel $4.01\/gal (2024); top-4 retailers ~43% share (2024); warehouse wages +9.5% YoY (2024); debt ~$1.1B; interest rates ~5.25–5.50% (late 2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGross margin\u003c\/td\u003e\n\u003ctd\u003e11.2% FY2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUS CPI\u003c\/td\u003e\n\u003ctd\u003e3.4% 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDiesel\u003c\/td\u003e\n\u003ctd\u003e$4.01\/gal 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTop-4 share\u003c\/td\u003e\n\u003ctd\u003e43% 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWarehouse wages\u003c\/td\u003e\n\u003ctd\u003e+9.5% YoY 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal debt\u003c\/td\u003e\n\u003ctd\u003e$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRates\u003c\/td\u003e\n\u003ctd\u003e5.25–5.50% late 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003eUnited Natural Foods PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact United Natural Foods PESTLE Analysis document you’ll receive after purchase—fully formatted, professionally structured, and ready to use.\u003c\/p\u003e\n\u003cp\u003eThe layout, content, and structure visible here are exactly what you’ll download immediately after buying; no placeholders or teasers, just the finished file.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56751456223609,"sku":"unfi-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/unfi-pestle-analysis.png?v=1772231627","url":"https:\/\/matrixbcg.com\/products\/unfi-pestle-analysis","provider":"matrixbcg.com","version":"1.0","type":"link"}